Company News
US existing home sales drop to lowest level since 1995 - NAR
US existing home sales fell in December to the lowest level since 1995, according to data released on Friday by the National Association of Realtors.
Kaman to be taken private by Arcline in $1.8bn deal
Aerospace parts manufacturer Kaman said on Friday that it has agreed to be taken private by Arcline Investment Management in a $1. 8bn deal.
4imprint shares surge on earnings forecasts upgrade
Shares in 4imprint Group surged on Friday as the promotional merchandise maker said it expected annual earnings to be slightly above forecasts after a strong trading performance during 2023.
Wayfair to cut 13% of workforce, shares surge
Wayfair surged on Friday as the online home retailer announced plans to cut around 13% of its global workforce in a bid to save more than $280m.
Tata Steel to axe up to 2,800 UK jobs
Tata Steel is to axe 2,800 jobs across the UK as part of a major restructuring of its British operations, it was confirmed on Friday.
Versarien raises £0.4m to progress growing pipeline
Advanced materials engineer Versarien has raised £0. 4m, it announced on Friday, to help it with its growing pipeline of opportunities.
Deltic reports latest findings from Pensacola Discovery
Natural resources investor Deltic Energy reported on the findings of a competent person's report (CPR) for the Pensacola Discovery on Friday.
Prospex reports progress at Selva well site
Prospex Energy updated the markets on operations at the Podere Maiar-1 (PM-1) well site in the Selva field on Friday.
Anglesey announces promising Parys Mountain assays
Anglesey announced promising assay results from its recent drilling project at the Parys Mountain project on the Isle of Anglesey in north west Wales on Friday.
Wincanton to be taken private by Ceva Logistics in £566.9m deal
Logistics company Wincanton said on Friday that it has agreed to be taken private by Ceva Logistics, a subsidiary of French shipping firm CMA CGM, in a £566. 9m deal.
N4 Pharma's Nuvec granted patent in India
N4 Pharma, a pharmaceutical company developing the cancer vaccine delivery system Nuvec, announced on Friday that it has received confirmation from the University of Queensland regarding the granting of its patent for Nuvec in India.
Big Technologies ends 2023 in line with expectations
Remote people monitoring technology company Big Technologies said in a trading update on Friday that its performance in 2023 was in line with expectations, with revenue set to reach £55m, up from £50. 2m in 2022.
Avacta appoints new head of research and development
Oncology drugs and diagnostics developer Avacta announced the appointment of Dr Christina Coughlin as its new head of research and development for the therapeutics division on Friday.
Abrdn Property Income Trust agrees merger with Custodian Property Income
Abrdn Property Income Trust (API) announced a recommended all-share merger agreement with Custodian Property Income REIT (CREI) on Friday.
MP Evans posts strong growth in crops, production
Indonesian palm oil producer MP Evans Group reported growth in its crop and production figures for 2023 on Friday, with a 2% rise in its own crops of fresh fruit bunches to 922,900 tonnes.
Focusrite flags ongoing challenges in content creation market
Music and audio technology company Focusrite said in a trading update on Friday that its content creation division encountered ongoing market challenges during the first four months of the financial year, particularly in Asia and among traditional 'bricks and mortar' resellers in the Europe, Middle East and Africa (EMEA) region.
Annual profits miss targets at BASF
German chemical giant BASF Group reported annual sales and earnings well below analyst expectations on Friday.
Petershill Partners posts solid rise in assets under management
Petershill Partners reported a significant increase in its gross fee-eligible assets under management for 2023 on Friday, for a total of $23bn, in line with its guidance.
DFS trims sales target but holds on to profit guidance
Furniture retailer DFS has held on to full-year profit guidance despite a slight drop in first-half orders, as gains in market share and cost management has mitigated "challenging" trading conditions.
Deliveroo annual earnings to slightly ahead of guidance
Takeaway delivery company Deliveroo said annual earnings would be "slightly" ahead of guidance, with gross transaction value (GTV) up 7% year on year in the UK and Ireland, despite the cost-of-living crisis.